Aaj English TV

Wednesday, July 17, 2024  
10 Muharram 1446  

Over Rs130b subsidy proposed for various institutions, including KE

Rs65 billion allocated for Utility Stores Corporation

The government has presented the deficit budget for the fiscal year 2025-2026, proposing subsidies amounting to more than Rs1,363.41 billion for various institutions, including K-Electric.

For the power sector, subsidies of Rs1,190 billion have been recommended, including a subsidy of Rs9.50 billion for agricultural tube wells in Balochistan.

In addition, Rs276 billion has been allocated for tariff differential subsidies between electricity companies while Rs65 billion has been set aside for the merged districts of erstwhile FATA and Khyber Pakhtunkhwa.

The government has proposed a subsidy of Rs108 billion Azad Jammu and Kashmir under the tariff differential subsidies. Moreover, Rs48 billion has been allocated for the Pakistan Energy Revolving Fund.

A subsidy of Rs174 billion has been recommended for the K-Electric, Rs8 billion for PASSCO, Rs68 billion for industries and production, Rs65 billion for Utility Stores Corporation, and Rs10 billion for Ramazan package, respectively, for the upcoming fiscal year.

The government has proposed worth Rs15.87 billion wheat subsidies for Gilgit-Baltistan.

A subsidy of Rs10 billion has been recommended for urea fertiliser revenue while Rs3 billion has been allocated for metro bus subsidies.

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